News Orders & Deals Neelkanth Limited Promoter Files SEBI Disclosure for 6.76 Lakh Share TransferNeelkanth Limited Promoter Files SEBI Disclosure for 6.76 Lakh Share Transfer
A significant inter-se share transfer within Neelkanth Limited's promoter group involved Bhavik R. Bhimjyani disposing 6,76,491 equity shares to Rashmi C Bhimjyani through gift transfer on February 23, 2026. The transaction reduced Bhavik's shareholding from 15.57% to 0.05% while increasing Rashmi's stake from 40.30% to 55.82%, with overall promoter group holding remaining at 70.81%.
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A significant inter-se share transfer within the promoter group of Neelkanth Limited has been completed, involving the disposal of 6,76,491 equity shares by Bhavik R. Bhimjyani to Rashmi C Bhimjyani through an off-market gift transfer. The transaction was executed on February 23, 2026, with formal disclosures filed with BSE Limited on February 24, 2026, under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Overview
The share transfer represents a substantial redistribution within the promoter group, with Bhavik R. Bhimjyani disposing of his entire significant holding to immediate relative Rashmi C Bhimjyani. This inter-se transfer among promoter family members falls under the exemption provided under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations.
| Transaction Details: | Information |
|---|---|
| Shares Transferred: | 6,76,491 equity shares |
| Transaction Date: | February 23, 2026 |
| Disclosure Date: | February 24, 2026 |
| Mode of Transfer: | Off-market inter-se transfer by gift |
| Transferor: | Bhavik R. Bhimjyani |
| Transferee: | Rashmi C Bhimjyani |
| Percentage of Total Capital: | 15.52% |
Shareholding Pattern Changes
The transaction resulted in a dramatic shift in individual shareholdings within the promoter group while maintaining the overall group holding at 70.81%. Bhavik R. Bhimjyani's stake reduced significantly from 15.57% to just 0.05%, while Rashmi C Bhimjyani's holding increased substantially.
| Promoter Holdings: | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Bhavik R. Bhimjyani: | 6,78,491 | 15.57% | 2,000 | 0.05% |
| Rashmi C Bhimjyani: | 17,56,527 | 40.30% | 24,33,018 | 55.82% |
| Rekha R Bhimjyani: | 3,92,528 | 9.01% | 3,92,528 | 9.01% |
| Rashmikant Chunilal Bhimjyani HUF: | 1,58,750 | 3.64% | 1,58,750 | 3.64% |
| R T Agro Private Limited: | 1,00,181 | 2.30% | 1,00,181 | 2.30% |
Regulatory Compliance
Both parties filed the required disclosures under Regulation 29(2) of SEBI (SAST) Regulations for disposal and acquisition respectively. The transaction was completed in compliance with all regulatory requirements, with the aggregate promoter group holding remaining unchanged at 70.81%.
| Regulatory Details: | Information |
|---|---|
| Applicable Regulation: | SEBI (SAST) Regulations 29(2) |
| Exemption Basis: | Inter-se transfer among immediate relatives |
| Stock Exchange: | BSE Limited |
| Transaction Price: | Nil (Gift transfer) |
| Total Promoter Group Holding: | 70.81% (unchanged) |
Company Capital Structure
Neelkanth Limited maintains its equity structure with a total share capital of Rs. 4,35,90,000 divided into 43,59,000 equity shares of Rs. 10 each. The shares remain listed on BSE Limited, and the inter-se transfer ensures continued stability in the company's ownership pattern while consolidating individual holdings within the promoter family.
The formal documentation confirms completion of all regulatory requirements for this substantial shareholding redistribution within the promoter group, with both disposal and acquisition disclosures properly filed with the stock exchange.
Historical Stock Returns for Neelkanth Rockminerals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +11.18% | +12.77% | +30.34% | +22.89% | +147.06% |
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